AIC 302 SIMULATED EXAM, MOST RECENT EXAM 2025/
2026 ACTUAL COMPLETE REAL EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY
GRADED A+ | NEWEST EXAM | JUST RELEASED!!
Jackson Manufacturing covers its commercial auto exposure
with the Business Auto Coverage Form (BACF). Because it has
operations in several no-fault states, it has Personal Injury
Protection (PIP) endorsements added to its BACF. While the
endorsements vary by state, a typical PIP endorsement
provides coverage for all of the following benefits, EXCEPT: -
ANSWER-Substitute vehicle expenses
The typical PIP endorsement includes benefits for medical
and rehabilitation expenses, lost wages, and death benefits
to survivors. It does not include benefits for substitute
vehicle expenses.
Jose was injured in an auto accident caused by the other
driver. Jose's injuries were covered by his medical insurance.
At trial, the court did not allow the insurer to reduce Jose's
award by the amount his medical insurance paid. Its decision
was based on the - ANSWER-Collateral source rule. This bars
the introduction of evidence that a claimant has other sources
of recover.
Pete's car is stopped at a red light behind Cindy's car. Tony
fails to stop for the red light, and his car his Pete's car which is
then pushed into Cindy's car. Cindy is injured and all of the
cars are damaged. Under joint and several liability, which one
,of the following statements is correct? - ANSWER-Tony is the
lone tortfeasor.
There are no joint tortfeasors.
James Industries is insured by the Business Auto Coverage
Form. The auto policy includes the Medical Payments
endorsement with a $10,000 limit. Lisa, one of the executives at
James Industries, is provided with a private passenger vehicle
for business and personal use. She was in a multi-car accident
while driving three clients from the airport to a meeting at the
office. Two of the passengers were injured, one with medical
expenses of $4,500 and the other $9,000. Lisa also suffered a
minor injury with medical expenses of $3,500. How much will
the insurer for James Industries pay under the Medical
Payments endorsement? - ANSWER-The insure will pay
$13,500 ($4,500 + $9,000) under the Medical Payments
endorsement regardless of fault. The $10,000 limit applies per
person and coverage is excluded for employees injured in the
course of employment.
Seriously injured in an auto accident, Damien accepts a
settlement agreement that offers some immediate payment,
with the bulk of the payment disbursed over a number of years.
This is called a(n) - ANSWER-A structured settlement gives the
claimant some payment immediately but defers much of the
payment into the future.
All states require that denials be prompt, timely and -
ANSWER-Fair.
, All states require that denials be prompt,
timely and fair.
While driving a rental car, Arthur has an accident and is found
to have been intoxicated. Which one of the following scenarios
regarding primary coverage is likely to occur? - ANSWER-His
PAP would become primary.
Most rental car agreements will void coverage in the case of
impaired driving, so the insured's PAP would become primary.
In handling an auto claim, subrogation by an insurer may be
warranted if - ANSWER-The insured party is paid by the insurer
and a party other than the insured is at fault.
Goshen Trucking is insured under a Motor Carrier Coverage
Form (MCCF). It has a lease agreement with owner-operator
Anthony to use his trucks to haul cargo for Goshen Trucking
during its peak seasons. The lease agreement does not include
a hold harmless requirement. Which one of the following is
correct regarding the coverage that will be provided for
Anthony under Goshen Trucking's MCCF? - ANSWER-Anthony
is automatically a named insured under Goshen's MCCF while
driving his trucks as part of Goshen Trucking's operations
under the lease agreement.
Luis is completing an impairment rating report for a patient.
This includes the anticipated effect of the medical condition on
the patient's daily activities, a comparison of clinical findings
with the AMA guide's criteria, his conclusion on whether the
2026 ACTUAL COMPLETE REAL EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY
GRADED A+ | NEWEST EXAM | JUST RELEASED!!
Jackson Manufacturing covers its commercial auto exposure
with the Business Auto Coverage Form (BACF). Because it has
operations in several no-fault states, it has Personal Injury
Protection (PIP) endorsements added to its BACF. While the
endorsements vary by state, a typical PIP endorsement
provides coverage for all of the following benefits, EXCEPT: -
ANSWER-Substitute vehicle expenses
The typical PIP endorsement includes benefits for medical
and rehabilitation expenses, lost wages, and death benefits
to survivors. It does not include benefits for substitute
vehicle expenses.
Jose was injured in an auto accident caused by the other
driver. Jose's injuries were covered by his medical insurance.
At trial, the court did not allow the insurer to reduce Jose's
award by the amount his medical insurance paid. Its decision
was based on the - ANSWER-Collateral source rule. This bars
the introduction of evidence that a claimant has other sources
of recover.
Pete's car is stopped at a red light behind Cindy's car. Tony
fails to stop for the red light, and his car his Pete's car which is
then pushed into Cindy's car. Cindy is injured and all of the
cars are damaged. Under joint and several liability, which one
,of the following statements is correct? - ANSWER-Tony is the
lone tortfeasor.
There are no joint tortfeasors.
James Industries is insured by the Business Auto Coverage
Form. The auto policy includes the Medical Payments
endorsement with a $10,000 limit. Lisa, one of the executives at
James Industries, is provided with a private passenger vehicle
for business and personal use. She was in a multi-car accident
while driving three clients from the airport to a meeting at the
office. Two of the passengers were injured, one with medical
expenses of $4,500 and the other $9,000. Lisa also suffered a
minor injury with medical expenses of $3,500. How much will
the insurer for James Industries pay under the Medical
Payments endorsement? - ANSWER-The insure will pay
$13,500 ($4,500 + $9,000) under the Medical Payments
endorsement regardless of fault. The $10,000 limit applies per
person and coverage is excluded for employees injured in the
course of employment.
Seriously injured in an auto accident, Damien accepts a
settlement agreement that offers some immediate payment,
with the bulk of the payment disbursed over a number of years.
This is called a(n) - ANSWER-A structured settlement gives the
claimant some payment immediately but defers much of the
payment into the future.
All states require that denials be prompt, timely and -
ANSWER-Fair.
, All states require that denials be prompt,
timely and fair.
While driving a rental car, Arthur has an accident and is found
to have been intoxicated. Which one of the following scenarios
regarding primary coverage is likely to occur? - ANSWER-His
PAP would become primary.
Most rental car agreements will void coverage in the case of
impaired driving, so the insured's PAP would become primary.
In handling an auto claim, subrogation by an insurer may be
warranted if - ANSWER-The insured party is paid by the insurer
and a party other than the insured is at fault.
Goshen Trucking is insured under a Motor Carrier Coverage
Form (MCCF). It has a lease agreement with owner-operator
Anthony to use his trucks to haul cargo for Goshen Trucking
during its peak seasons. The lease agreement does not include
a hold harmless requirement. Which one of the following is
correct regarding the coverage that will be provided for
Anthony under Goshen Trucking's MCCF? - ANSWER-Anthony
is automatically a named insured under Goshen's MCCF while
driving his trucks as part of Goshen Trucking's operations
under the lease agreement.
Luis is completing an impairment rating report for a patient.
This includes the anticipated effect of the medical condition on
the patient's daily activities, a comparison of clinical findings
with the AMA guide's criteria, his conclusion on whether the
